J Paul Getty On The Essence Of Successful Investing
January 10, 2013 Leave a comment
NR Narayana Murthy On What We Need To Learn From The West
January 7, 2013 4 Comments
The following is from a speech delivered by Mr. Murthy, when he recieved the Lal Bahadur Shastri National Award for Excellence in Public Administration and Management Sciences.
I don’t think we “need to learn” these things as much as be aware of these differences when dealing with Westerners and vice-versa. We have our ways and they have theirs with a a different set of reasoning behind them.Personally I feel neither way is right or wrong.They are merely differences. But sensitivity to them makes interaction and doing business easier.And in any case thing are not as simple as Mr Murthy lays them out.Indians not totally lacking in these qualities and the West is not without its lapses.An a good way to start might be to avoid stereotypes. Read more of this post
Trial By Fire In Patalganga
December 31, 2012 Leave a comment
The Indira Gandhi administration threw open the doors of PFY (polyester filament yarn) manufacturing to the private sector in early 1980. Dhirubhai Ambani applied for a license to set up PFY manufacturing plant. In spite of stiff competition from Tatas, Birlas and 43 others, Dhirubhai was awarded the licence.To help him build the PFY plant, Dhirubhai pulled his eldest son Mukesh out of Stanford where he was studying for his MBA and dropped the untried, untested twenty-four year-old chemical engineer from Bombay University into the deep end. Read more of this post
Be Uncomfortable If You Would Be Successful
December 30, 2012 Leave a comment
When you sit in Vajrasana – the yogic posture with your knees bent, your body takes it for a while and then revolts. If you prolong the position, you get a taste of what Indian yogic torture feels like! But Vajrasana has to be mastered if one has to progress in Yoga.
In business also, being ‘uncomfortable’ is being progressive. Being comfortable is slipping into ‘denial’ and into danger zone.
Take, for instance, the cases of Mark Zuckerberg (CEO of Facebook) and Mark Pincus (CEO of Zynga – a rags-to-riches-to-rags games company). Read more of this post
wealthymatters 